Aris Mining Co. $ARIS Stake Reduced by Sagil Capital LLP

Sagil Capital LLP trimmed its position in shares of Aris Mining Co. (NYSE:ARIS) by 52.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 450,000 shares of the company’s stock after selling 497,600 shares during the quarter. Aris Mining comprises about 1.7% of Sagil Capital LLP’s holdings, making the stock its 9th biggest holding. Sagil Capital LLP owned 0.22% of Aris Mining worth $7,299,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. MMCAP International Inc. SPC grew its position in Aris Mining by 45.1% during the 3rd quarter. MMCAP International Inc. SPC now owns 16,436,882 shares of the company’s stock valued at $161,109,000 after purchasing an additional 5,112,295 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Aris Mining by 152.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,207,221 shares of the company’s stock valued at $41,228,000 after purchasing an additional 2,542,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Aris Mining by 18.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,951,691 shares of the company’s stock valued at $38,722,000 after purchasing an additional 602,941 shares during the last quarter. JPMorgan Chase & Co. grew its position in Aris Mining by 87.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,240,826 shares of the company’s stock valued at $52,599,000 after purchasing an additional 1,510,919 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Aris Mining by 75.4% during the 3rd quarter. American Century Companies Inc. now owns 2,776,448 shares of the company’s stock valued at $27,211,000 after purchasing an additional 1,193,444 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Mining Price Performance

ARIS opened at $15.08 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 1.78. The stock has a market capitalization of $3.11 billion, a P/E ratio of 17.96 and a beta of -0.39. The company’s 50-day simple moving average is $18.47 and its two-hundred day simple moving average is $17.81. Aris Mining Co. has a 52-week low of $6.31 and a 52-week high of $23.29.

Aris Mining (NYSE:ARIS) last posted its earnings results on Wednesday, May 6th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.05). The company had revenue of $372.48 million for the quarter. Aris Mining had a net margin of 15.19% and a return on equity of 20.97%. As a group, analysts predict that Aris Mining Co. will post 2.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Zacks Research downgraded shares of Aris Mining from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Weiss Ratings downgraded shares of Aris Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Aris Mining Profile

Aris Mining Corp, headquartered in Vancouver, British Columbia, is a mineral exploration and development company focused on advancing a diversified portfolio of precious metal and lithium assets. Listed on the New York Stock Exchange under the ticker ARMN, the company pursues a disciplined strategy of resource definition and project development to deliver value for its shareholders.

The firm’s principal assets include several high-grade gold projects across multiple continents and a strategic lithium property in the United States.